Countrywide Financial

Whistleblower Wins Big Over BofA

Reuters | Posted 05.30.2012

Read More: Video, Hamp, Kyle Lagow Bank of America, Kyle Lagow Lawsuit, Countrywide Financial, Reuters, Bofa, Bank-of-America, Hagens Berman, Shayne Stevenson, Business News

By Rick Rothacker May 29 (Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accuse...

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Church Burns Credit Card Offers In Protest Of Predatory Lending

The Huffington Post | Harry Bradford | Posted 04.24.2012

Read More: Interest Rates, Debt, Video, Predatory Lending, Countrywide Financial, First Baptist Church of Lincoln Gardens, Cnn, Payday Loans, Discrimination, Credit Card Debt, Credit Cards, Housing Crisis, Rev. DeForest B. Soaries Jr., Business News

Sometimes, more than incense and candles are burned at Church. Last Sunday, members of the First Baptist Church of Lincoln Gardens in New Jersey ga...

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Fake Bank Of America Website Asks How You'd Run BofA

HuffingtonPost.com | Alexander Eichler | Posted 04.19.2012

Read More: Yourbofa, Rainforest Action Network, Brian Moynihan, Video, Bank of America Website, Countrywide Financial, Fake Bofa Website, Occupy Wall Street, New Bottom Line, Bank of America, Bofa, The Yes Men, Occupy Movement, Business News

"Banking is too complicated for ordinary people to understand," reads the press release from YourBofA.com. "That's not to say people are stupid." T...

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Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 04.13.2012

Read More: Foreclosure Crisis, Video, Freddie Mac, Subprime Mortgages, Hedge Funds, TPG Capital, Countrywide Financial, Reuters, Bank of America, Mortgage Crisis, Assets, Fannie Mae, Federal Housing Finance Agency, Banks, Foreclosure, Private Equity, Business News

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

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Former Countrywide Employee Headed To Prison For Mortgage Fraud

The Huffington Post | Bonnie Kavoussi | Posted 03.13.2012

Read More: Countrywide Prison, Video, Paige Kinney Countrywide Mortgage Fraud, Countrywide, Countrywide Financial, Bank of America, Paige Kinney Countrywide, Paige Kinney Countrywide Prison, Paige Kinney Phoenix, Countrywide Mortgage Fraud, Paige Kinney, Business News

The federal government is bringing a little justice to the mortgage mess, even if there was a five year delay. Paige Kinney of Phoenix, a former C...

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BofA Tired Of Fannie Mae, Stops Selling Some Mortgages To Them

Reuters | Posted 04.25.2012

Read More: 401(K) Plans, Brian Moynihan, Video, Freddie Mac, Subprime Mortgages, Stocks, 10-K, Countrywide Financial, Reuters, Bank of America, Fannie Mae, Home Loans, Business News

* BofA cites Fannie Mae repurchase claims * Bank still selling loans to Freddie Mac * BofA freezing pension plan June 30...

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BofA's Brian Moynihan Gets HOW Much After A Pay Cut?

AP | Posted 04.18.2012

Read More: Brian Moynihan, CEO Pay, Video, Banker Pay, Wall Street, Countrywide, Countrywide Financial, Restricted Stock, Bank of America, Brian Moynihan Pay, Bofa, Big Banks, Bank Bonuses, Ap, Business News

CHARLOTTE, N.C. (AP) — Bank of America's chief executive is taking a pay cut. Brian Moynihan will be eligible for up to $5.9 million ...

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Issa Moves On Probe Of Congressional VIP Mortgage Program

AP | LARRY MARGASAK | Posted 04.16.2012

Read More: Angelo Mozilo Darrell Issa, Darrell Issa Angelo Mozilo, Mortgages, Darrell Issa, Video, Congressional Mortgage Probe, Countrywide Financial Mortgages, Countrywide Mortgages, Angelo Mozilo Countrywide Financial, Congressional Mortgage Investigation, Angelo Mozilo. Angelo Mozilo Countrywide, Countrywide Financial, Darrell Issa Countrywide, Darrell Issa Mortgage Probe, Politics News

WASHINGTON — House investigators want to interview Angelo Mozilo, the former Countrywide Financial Corp. chief executive whose VIP program gave ...

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2008 Mortgage Deal Shows How Not To Structure Current Settlement

HuffingtonPost.com | Loren Berlin | Posted 02.04.2012

Read More: Countrywide Deal, AG Settlement, Foreclosure Crisis, Mortgage Settlement, Bank of America Countrywide, Robo-Signing, Bank of America Deal, Bank of America, Housing Crisis, Shaun Donovan, Subprime Mortgages, Attorney General Deal, Countrywide, Countrywide Financial, Attorney General, Foreclosure, Mortgage Deal, Business News

As states gear up to finalize a national mortgage servicing settlement, some are looking to avoid the painful lessons of a 2008 mortgage deal that fai...

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The Incredible Shrinking Bank Of America

HuffingtonPost.com | Mark Gongloff | Posted 02.02.2012

Read More: Subprime Crisis, Subprime Mortgages, Wells Fargo, Countrywide Financial, Subprime Mortgage Crisis, Bank of America, Bank of America Countrywide, Banking Reform, Subprime Loans, Banking Industry, Business News

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

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Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012

Read More: Foreclosure Crisis, Freddie Mac, Mortgage Modification, Eric Schneiderman, Robo-Signing, President Barack Obama, Countrywide Financial, Fannie Mae, Principal Writedowns, Housing Crisis, Latino Voices News

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

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Republican Truth and Real Truth: GSEs and the Housing Bubble

David Coates | Posted 03.30.2012

Read More: Robert Kuttner, Ron Paul, Mitt Romney, Fannie Mae, Joe Nocera, Newt Gingrich, Gses, Mark Zandi, Freddie Mac, Community Reinvestment Act, Countrywide Financial, Republican Presidential Primary, Housing Bubble, Rick Sanorum, Morgenson-Rosner, Wallison, Politics News

The main rewrite now underway in their twice-weekly televised clashes is a rewrite on housing finance.

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BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Loan Modifications, Mortgage Modification, Countrywide Financial, Bank of America, Mortgage Crisis, Overdraft Fees, Bank of America Countrywide, Bofa, Mortgage-Backed Securities, Arizona, Housing and Urban Development, Video, Business News

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

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Discrimination Lawsuit Holds Subprime Lenders Accountable

Shaun Donovan | Posted 03.17.2012

Read More: Housing Market, Housing, Discrimination, Department of Justice, Justice, Racial Discrimination, Housing and Urban Development, U.S. Department of Housing and Urban Development, Countrywide 335 Million, Countrywide Financial, Countrywide Mortgage Settlement, Countrywide Settlement, Politics News

African-American and Latino families have been hit especially hard by economic recession. Most outrageously, these communities were also targets of many of the practices that helped cause it -- including discrimination, predatory lending and fraud.

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Bank Of America Told Fed It Could Sell Branches In Emergency

Reuters | Posted 03.14.2012

Read More: JPMorgan Chase, Brian Moynihan, Merrill Lynch, Countrywide Financial, Wells Fargo, Bank of America Branch Cuts, Reuters, Bank of America Stock, Bank of America, Federal Reserve, Bofa, Bank of America Branches, Video, Business News

(Adds details on Fed plan from source, background) Jan 13 (Rick Rothacker, Reuters) - Bank of America Corp told Federal Reserve off...

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BofA's Appalling Foreclosure Battle With Paralyzed Man

The Huffington Post | Harry Bradford | Posted 01.12.2012

Read More: Video, Foreclosure Crisis, Washington Mutual, Countrywide Financial, Mortgage Crisis, Bank of America, The Oregonian, Federal Reserve, Foreclosure, Bofa, Realtytrac, Business News

A quadriplegic man in Oregon has been battling banks to keep his home since 2003. And just when he thought the fight was finally over, Bank of America...

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Bank Of America Plaza Threatened WIth Foreclosure

The Huffington Post | Harry Bradford | Posted 01.10.2012

Read More: Bentleyforbes, Foreclosure Crisis, Video, Bank of America Plaze, Mortgage Modification, Countrywide Financial, Bank of America, Mortgage Crisis, Hurricane Ike, LNR Partners, Mortgage Payment, Bofa, Investorplace, Business News

In an ironic twist, a building bearing the name of a bank closely associated with the foreclosure crisis may soon be facing foreclosure itself. Ba...

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Major Insurer's Lawsuit Against Bank Of America Gets Easier

The Huffington Post | Alexander Eichler | Posted 01.04.2012

Read More: Law, Video, Subprime Mortgages, Courts, Subprime Mortgage Crisis, Countrywide Financial, Mbia, State Courts, Bank of America, Mortgage Crisis, Financial Crisis, New York State Court, Bofa, Bond Insurers, Housing Bubble, Business News

The bad news continues to pile up for Bank of America, with a New York state court issuing a ruling Tuesday that will make it easier for a major bond ...

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BofA May Get To Move Its $8.5 Billion Settlement Back To State Court

Posted 12.27.2011

Read More: Bofa Settlement, Bank of New York Mellon, Countrywide Financial, Mortgage Crisis, Bank of America, Toxic Assets, Walnut Place, Metlife, Blackrock, Bofa, Bank of America Settlement, Home Loans, Bank of America Jurisdiction, Video, Business News

(JONATHAN STEMPEL, Reuters) - An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America ...

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Government Seeks To Recompense Victims Of Countrywide

The Huffington Post | Bonnie Kavoussi | Posted 12.27.2011

Read More: Brian Moynihan, Video, Subprime Mortgages, Countrywide, Countrywide Financial, Subprime Mortgage Crisis, Bank of America, Department of Justice, Justice Department, Business News

The government would like to repay more than 200,000 minority borrowers who allegedly paid unfairly high interest rates and fees on mortgages, but fir...

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BofA To Pay Record Sum To Settle Claims Of Discriminatory Lending

AP | By PALLAVI GOGOI and NEDRA PICKLER | Posted 02.20.2012

Read More: Video, Countrywide Probe, Bank of America Countrywide Settlement, Mortgage Lending, Countrywide Investigation, Countrywide Financial, Bank of America, Business News, Bank of America Countrywide, Department of Justice, Bv-Money, Business News

-- Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination agai...

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Investigators: Four Members Of Congress Got VIP Loans From Notorious Subprime Lender

AP | LARRY MARGASAK | Posted 02.18.2012

Read More: Video, Countrywide Financial Corp, Subprime Lending, Countrywide Financial, Subprime Mortgage Crisis, Business News, Countrywide Financial Lending, Bank of America Countrywide, Congressional Investigation, Countrywide Congress Discounted Loans, Business News

WASHINGTON — Four House lawmakers received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages...

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Foreclosure Fraud Costing These States The Most

The Huffington Post | Harry Bradford | Posted 12.15.2011

Read More: JPMorgan Chase, Foreclosure Crisis, Ally Financial Inc.Nevada, 60 Minutes, Countrywide Financial, Wells Fargo, Bank of America, Citibank, Mortgage Fraud, Mortgage Crisis, Foreclosure, Attorney General Martha Coakley, Business News

Millions of Americans have been forced out of their homes in the wake of the housing collapse, and from that has come allegation after allegation of f...

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Wealthy Patriots Wage Class War

Janet Tavakoli | Posted 02.11.2012

Read More: Chicago Council on Global Affairs, Mortgage Crisis, Chicago Mercantile Exchange, Obama 60 Minutes, Robert Shiller, Countrywide Financial, Video, Business News

A strange thing happened in Chicago. An audience of well-heeled professionals, a mixture of Democrats and Republicans, packed a room to hear Robert Shiller give a presentation on the housing market. At the end of the presentation, there was a bi-partisan revolt.

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Ex-Countrywide Financial Executive: Mortgage Fraud Was 'Systemic'

The Huffington Post | Harry Bradford | Posted 12.05.2011

Read More: Fraud, Video, Mortgage Lender, Freddie Mac, 60 Minutes, Countrywide Financial, Mortgage Crisis, Bank of America, Fannie Mae, Steve Kroft, Federal Housing Finance Agency, Foreclosure, Martha Coakley, Business News

With mortgage lenders now facing allegations of misconduct on several fronts, a former top ranking employee at a major home lender has come forward sa...

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